Supply Chain Management

 
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Protecting Human Rights & the Environment in Global Value Chains

In February 2022, the European Commission published a new EU Directive on Corporate Sustainability Due Diligence. This directive aims to set rules and requirements for companies in the European Union to foster respect for human rights and the environment in global value chains. The draft law aims to provide consumers with greater transparency when purchasing products whose supply and production chains have been difficult to trace until now. This article outlines some of the most notable implications for companies in the European Union and provides recommendations on how to prepare for the upcoming legislation.
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ESG Maturity In The Chemical Distribution Industry

To establish the ESG maturity of the growing Chemical Distribution market, Finch & Beak recently conducted a benchmarking study of 38 European companies. A comprehensive 30-page report provides valuable insights into what market leaders are doing, with best-case examples and elaborates on the main challenges of and opportunities in this evolving industry. This article summarizes the key takeaways of the extensive study.
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ESG Ratings: Index, Impact or Both?

Just before the results of the 2021 Dow Jones Sustainability Indices (DJSI), were announced, Finch & Beak conducted an ESG survey among DJSI-eligible companies. In the attached report, you can find the main survey results. The overall conclusion from 143 respondents is that for most of the companies, the undesirable trade-off between index and impact occurs frequently due to mounting workloads to generate ESG data and the absence of standards. The report suggests solutions to avoid the 'reporting trap' by scoping sustainability performance as a supply chain challenge, avoiding over-instrumentalism by engaging closely with stakeholders, and selecting and prioritizing the right ESG benchmarks.
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Human Engagement Missing Link in Activating ESG Performance

Earlier this month, Finch & Beak conducted a business survey to explore the approach that companies are taking towards ESG ratings, and to find out how such ratings contribute to the successful activation of sustainability programs. As a winning sustainability strategy is increasingly important to create and maintain business value, participants shared insights into their tools and challenges for ESG activation.
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Traceability: The Path towards More Sustainable Supply Chains

In the improvement of sustainability practices, there is still massive potential in the supply chain. For example, according to CDP, if suppliers to 125 multinationals were to increase their renewable electricity consumption by 20%, over a billion metric tons of greenhouse gas emissions could be saved: equivalent to the combined emissions of Brazil and Mexico. Nevertheless, only 23% of tier-1 suppliers are engaging on emission reduction activities with their own suppliers. Evidently, business processes such as planning, sourcing, producing, and logistics require restructuring and redesigning. One of the factors that can play a major role on enhancing efficiency and optimization in the supply chain is improving traceability: the ability to track and monitor all steps involved in the development of a finished good, from the procurement stage of raw materials to production, consumption all the way to the disposal of goods.
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The Future of Food Conference: London

In addition to an event in Chicago in May, the Innovation Forum's Future of Food Conference will also take place in London on the 4th-5th of June 2019. This two-day business conference will identify the main areas of opportunity and innovation within the food and beverage industry. Specifically, the aims of this conference are to promote candid discussion between key stakeholder groups, highlight leading practices and the companies successfully implementing policies, showcase the latest technology solutions on the market and facilitate collaboration to further drive innovation and progress for the future of food production and consumption.
Sustainable Apparel Forum 2018

Sustainable Apparel Forum 2018

The last years have seen tremendous change within the apparel industry with new sustainable innovations gaining traction. With a greater emphasis on circularity, transparency and supply chain efficiencies coming from fashion and apparel brands, the next 12 months looks set to be another step-change year for the industry. Be part of this change by attending the Innovation Forum's conference on sustainability in the apparel industry on the 24th-25th April 2018, in Amsterdam.
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How Barry Callebaut Is Saving Chocolate with Bold 2025 Goals

Ten years ago, newcomer Tony’s Chocolonely disrupted the chocolate industry with its purpose of making chocolate 100% free of child labor and slavery. Today, big players have started to follow suit. Barry Callebaut, the world's leading supplier of high-quality chocolate and cocoa products, has set and is working towards very ambitious sustainability goals. Barry Callebaut’s forward-looking approach is an example of inevitable action if we are to have chocolate in the future at all.
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Launch of the World Ports Sustainability Program

The newly created World Ports Sustainability Program (WPSP) will be launched on March 22 and 23, 2018 in the Port of Antwerp, Belgium. Ports are critical points in the global supply chain and play a crucial role in working to improve the sustainable performance of the supply chain on a local as well as on the global scale. The WPSP will bring together the international ports community in order to contribute to a sustainable future.
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Chocolate Passion Enjoyed by the Entire Value Chain

Chocolate is globally perceived as a scrumptious product and often reminds people of joyful moments. But the conditions under which the main ingredient of chocolate, cocoa, is produced are still less joyful. To help develop a sustainable cocoa supply chain, a consortium of 13 banks has renewed market leader Barry Callebaut’s banking credit facility, increasing it from EUR 600 million to EUR 750 million. Surprisingly, the interest rate will be coupled with the company’s sustainability performance and rating.
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